RENASANT CORP. - Daily - Technical analysis published on 08/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 34.71 USD
My targets
33.78 USD (-0.56%)
32.34 USD (-4.80%)
My analysis
RENASANT CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 34.71 USD. The next support located at 33.78 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 32.34 USD. Below this support, sellers could then target 30.28 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RENASANT CORP. rating 33.97 USD. The price is lower by -1.71% since the last closing and was traded between 33.33 USD and 34.59 USD over the period. The price is currently at +1.92% from its lowest and -1.79% from its highest.33.33
34.59
33.97
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this RENASANT CORP. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.28 | 32.34 | 33.78 | 33.97 | 34.71 | 36.30 | 37.99 |
| Change (%) | -10.86% | -4.80% | -0.56% | - | +2.18% | +6.86% | +11.83% |
| Change | -3.69 | -1.63 | -0.19 | - | +0.74 | +2.33 | +4.02 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.31 | 33.37 | 33.96 | 35.02 | 35.61 | 36.67 | 37.26 |
| Camarilla | 34.11 | 34.26 | 34.41 | 34.56 | 34.71 | 34.86 | 35.01 |
| Woodie | 32.09 | 33.25 | 33.74 | 34.90 | 35.39 | 36.55 | 37.04 |
| Fibonacci | 33.37 | 34.00 | 34.39 | 35.02 | 35.65 | 36.04 | 36.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.20 | 32.99 | 34.48 | 35.27 | 36.76 | 37.55 | 39.04 |
| Camarilla | 35.33 | 35.54 | 35.75 | 35.96 | 36.17 | 36.38 | 36.59 |
| Woodie | 32.54 | 33.17 | 34.82 | 35.45 | 37.10 | 37.73 | 39.38 |
| Fibonacci | 32.99 | 33.86 | 34.40 | 35.27 | 36.14 | 36.68 | 37.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.27 | 32.53 | 34.21 | 35.47 | 37.15 | 38.41 | 40.09 |
| Camarilla | 35.08 | 35.35 | 35.62 | 35.89 | 36.16 | 36.43 | 36.70 |
| Woodie | 31.48 | 32.64 | 34.42 | 35.58 | 37.36 | 38.52 | 40.30 |
| Fibonacci | 32.53 | 33.65 | 34.35 | 35.47 | 36.59 | 37.29 | 38.41 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.79 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -15.20 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 34.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.39 | |
| Elder Ray (13): | -1.03 | |
| Super Trend (3,10): | 33.69 | |
| Zig ZAG (10): | 33.97 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 43.77 | |
| TEMA (21): | 34.91 | |
| Williams %R (14): | -79.08 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | -3.6700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.12 |
| MA7: | 35.25 | |
| MA20: | 34.97 | |
| MA50: | 35.02 | |
| MA100: | 35.03 | |
| MAexp7: | 34.92 | |
| MAexp20: | 35.03 | |
| MAexp50: | 35.09 | |
| MAexp100: | 35.20 | |
| Price / MA7: | -3.63% | |
| Price / MA20: | -2.86% | |
| Price / MA50: | -3.00% | |
| Price / MA100: | -3.03% | |
| Price / MAexp7: | -2.72% | |
| Price / MAexp20: | -3.03% | |
| Price / MAexp50: | -3.19% | |
| Price / MAexp100: | -3.49% |
News
Don"t forget to follow the news on RENASANT CORP.. At the time of publication of this analysis, the latest news was as follows:
- Renasant Announces Second Quarter 2019 Results; New Hiring Bolsters Growth Outlook
- Renasant Announces 2019 Second Quarter Earnings Webcast and Conference Call Information
- Perry Joins Renasant as Chief Corporate Banking Officer
- Renasant Presents "Heartland Stories" Web Series
- Butler Joins Renasant Bank Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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